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We report on the observation of spin wave quantization in tangentially magnetized Ni80Fe20 discs by means of Brillouin light scattering spectroscopy. For a large wave vector interval several discrete, dispersionless modes with a frequency splitting up to 2.5 GHz were observed. The modes are identified as being magne-tostatic surface spin wave modes quantized by their lateral confinement in the disc. For the lowest modes dynamic magnetic dipolar coupling between the discs is found for a disc spacing of 0.1microm.